Illusive Copenhagen

'Too Few Promises despite aplenty hopes' was what marked the two week long climate extravaganga at Copenhagen early this month. Representatives from around 181 gathered to finalize a deal or at least lay a political framework towards a final deal post Kyoto Protocal which is set to expire in 2012. But, all in vain! Neither a binding deal on strict emission cuts for developed and industralized countries was realized nor any propoer agreement on the right amount of financial flows to be made to the poorer countries was materialized. Once again, politics emegrged invincible against science but at our own peril. The link below directs you the the article that i wrote for MYRepublica, a daily english newspaper in Nepal.
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=13368

The Kyoto Conundrums

The big show will be on this December. And, believe me I am not talking about Christmas here.Environmental delegates from 181 countries are meeting in Copenhagen to find a successor to the Kyoto Protocol. While an immediate consensus is very unlikely, the two week event is at least expected to lay out the political groundwork necessary in creating an international agreement on climate through meaningful cuts in emissions. Moreover, a current assessment on the success and failures of the Kyoto Protocol which is set to expire in 2012 can also be expected during this meet.Few points to note:
1) Having an international policy in place should not discourage the developing countries from meaningful capping of domestic emissions.
2) In the long run, climate change adaptation will hold no meanings if there is no mechanism for climate change abatement at a first place.
the link below should drag you for further information:
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=10636

It's getting hot in here

The sad truth about modern day capitalism is ‘profits are just solo and private while losses are all shared’. Globalization has certainly led to higher economic growth and significantly increased the standard of living of the rich/industrialized nations but at greater costs of reduced ‘life quality’ for everyone. This is always a bitter pill to swallow especially when you are not made responsible and accountable for your own losses. ‘Climate change’ is a similar issue that clearly epitomizes the dark side of today’s global production and consumption patterns. The natural environment that we live in at the moment is probably toxic while the air that we respire is just getting warmer with each passing day.

To access the full article, please play around with this link:
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=7077

Energy sector liberalisation is the key!!!

The country recently experienced one of the longest power outage ever and the people probably paid the highest energy tariff till date just to keep their lights on. Bravo! History has been created. This historic moment is certainly unique and will be remembered by generations to come given the timing of its occurrence. The country got evolved in a grave power crisis as it first ever glimpsed a Maoist-led government when the world economy in itself was worst performing. Thus, no one needs to be coaxed to completely scapegoat the Maoist-led government for today’s darkness in the country. But, let me reveal some wisdom here. All the previous governments like the Maoist-led one should share and indeed deserve an equal portion of this ‘blame’ cake.
This was the start that i actually wanted in one of mine recently published article published in MyRepublica. The following link should actually lead you to the article.
http://myrepublica.com/portal/index.php?action=news_details&news_id=6245

Thinking Beyond Energy!!!

I wrote this article with an intent to find the the real cause behind Nepal's economic growth in terms of exports and imports. The results suggest a export driven economy amidst a surging budget deficit over the years. On this note, three recent developments in the country's export side are worth mentioning:
a) The country's export currently went up by 21 percentage.
b) The country is seeking tariff concession for agro-based goods.
c) Nepal finally gets a patent right on Pashmina.
Rest is all below:
http://myrepublica.com/portal/index.php?action=news_details&news_id=5633

Efficiency of the German electricity wholesale market

One of the major challenges of liberalising European electricity markets is to create competitive and efficient power trading markets. In this paper, we assess the overall efficiency of the German electricity wholesale market using cointegration analysis and error correction modelling. Applying these techniques allows us to evaluate the wholesale market efficiency in terms of price adjustments and the rapidity towards the adjustment in the price discovery and adjustment process. We show that the wholesale market seems to be inefficient and not well functioning. The inability of European Energy Exchange spot market in providing an efficient price reference to the power market suggest that the power exchange still lacks liquidity. Second, our results indicate that bilateral contracts keep the wholesale electricity prices intact with the EEX prices and also stabilise the volatility in the German wholesale market. Also, the econometric results suggest that the existence of the OTC market along with power exchange is creating a competitive effect in the wholesale market in Germany.

To access the full version of this journal article, please click here:
http://www3.interscience.wiley.com/journal/121682451/abstract?CRETRY=1&SRETRY=0